In Wake Of US Tariffs, China Approves 183 Brazilian Coffee Companies To Export To China Instead – CoffeeTalk

China has approved 183 Brazilian coffee companies to export products to the Chinese market, following the US government’s announcement of steep tariffs on Brazilian coffee and other products. The measure, effective on July 30, is a boon to local exporters after the US government’s steep tariffs on Brazilian coffee and other products. The new Chinese export permits are valid for five years. The US’s 50% tariff on some Brazilian products will begin on August 6. This levy represents a challenge for commodities traders and Brazilian coffee exporters, who need to find alternatives for the roughly 8 million bags sold to US coffee processors every year. China is Brazil’s top trade partner overall, while the US is a big buyer of Brazilian beef and orange juice. In June, Brazilian coffee exports into the US totaled 440,034 60-kilo bags, 7.87 times more than Brazil’s sales into China of nearly 56,000 bags that month, according to trade data compiled by industry lobby Cecafe. Brazil supplies about a third of the U.S. coffee demand each year, a trade valued at $4.4 billion in the 12 months ended in June.

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